News Release: Medistar Corporation Announces Completion of Construction of Class A MOB at the Hospitals of Providence Transmountain Campus
Medical Plaza 1 to Support New Teaching Hospital for Texas Tech University Health Sciences Center El Paso El Paso, TX (August 1, 2016) – Medistar Corporation (“Medistar”) announced today that it has completed construction on Medical Plaza 1, a Class A, four-story, 110,000 square foot medical office building located in El Paso, Texas on The […]
For Sale: Investment Opportunity – 100% Occupied Medical Office Building with Long-term In-Place Tenancy | 24911 Little Mack Avenue | St. Clair Shores, Michigan
The Offering CBRE, Inc., as ownerships exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 24911 Little Mack Avenue, St. Clair Shores, Michigan (“Property” or “Building”). The 12,407 square foot Building is 100% leased and occupied by two (2) medical office users: St. John Hospital and Medical Center and […]
News Release: Just Closed – Crozer Brinton Lake Outpatient Health Center
Property Summary Property Type: Medical Office Sale Date: July 19, 2016 Sale Price: $52,000,000 Price PSF: $414 Building Size: 125,692 SF Year Built: 2005 & 2010 Occupancy: 100% Transaction Summary The transaction included the investment sale of the Crozer Brinton Lake Outpatient Health Center located in Glen Mills, Pennsylvania. The JLL Healthcare Capital Markets Group is […]
News Release: Just Sold – Glendale Medical Office Building trades to 1031 Buyer for $409 PSF – 3600 Verdugo, Glendale, CA
CBRE’s Investment Properties-So Cal team is pleased to announce the sale of an 82% leased Multi-Tenant Medical Office Building located at 3600 Verdugo Rd., Glendale, CA at a price of $10,975,000 ($409 PSF). It traded at an in-place cap rate of 4.35%. Mark Shaffer, Gary Stache, Anthony DeLorenzo and Doug Mack of CBRE represented the […]
News Release: Houston Methodist Establishes 19,589 SF Comprehensive Care Center in Conroe, Texas
(JULY 27, 2016 – HOUSTON) – Transwestern’s Houston headquarters today announces Houston Methodist has leased 19,589 square feet in the League Line Medical Office Building located at 4015 Interstate 45 North in Conroe, Texas, for a Comprehensive Care Center, including primary and specialty care. Transwestern’s Brandy Bellow Spinks and Scott Carter, vice presidents in the […]
News Release: Capital One Closes $11.9 Million Adjustable-Rate Loan to MedProperties to Purchase Illinois Ambulatory Surgery Center
Bethesda, Md. (July 27, 2016) – Capital One announced today that it has provided an $11.9 million first mortgage to MedProperties Holdings, LLC to finance the acquisition of the 28,000-square-foot Center for Minimally Invasive Surgery in Mokena, Illinois. The center is equipped with four operating rooms, a 14,000-square-foot surgery center and a 5,350-square-foot recovery center. […]
News Release: Just Closed – Parkway Medical Center
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of Parkway Medical Center in Hampton, Virginia. Sale Date July 7, 2016 Sale Price $6,750,000 Price Per SF $192 Building Size 35,200 SF Year Built 2002 Occupancy 80% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale […]
News Release: Ground Breaking Ceremony Held for the Children’s Hospital of San Antonio Health Pavilion – Stone Oak
SAN ANTONIO, TX – Today officials from CHRISTUS Santa Rosa Health System and The Children’s Hospital of San Antonio, Trammell Crow Company (TCC) and Seavest celebrated a groundbreaking for The Children’s Hospital of San Antonio Health Pavilion – Stone Oak. The three-story, 60,000-square-foot medical office building is located at 1434 East Sonterra Boulevard. The building […]
For Sale: New To Market: Long Term NNN Single Tenant Medical Office Investment
Investment Summary Asking Price $13,000,000 ($169 PSF) Year 1 Cap Rate 6.50% Year 1 Leveraged Cash on Cash 9.17% Tenant High Desert Medical Group Building Area ±76,748 SF Land Area ±8.29 Acres (±381,287 SF) Investment Highlights Rare Southern California Long Term Single-Tenant NNN Leased Medical Office Investment With Long Term Stable Cash Flow. Rare opportunity to acquire […]
News Release: Groundbreaking Celebration for the Children’s Hospital of San Antonio Health Pavilion – Stone Oak
What: CHRISTUS Santa Rosa Health System and The Children’s Hospital of San Antonio, Trammell Crow Company, Seavest and Baylor College of Medicine break ground on The Children’s Hospital of San Antonio Health Pavilion – Stone Oak, a new three-story, 60,000 square foot medical office building. When: Tuesday, July 26, 2016, 10:00 a.m. Where: 1434 East […]
For Sale: Long Term Absolute NNN Seniors Housing Investment Opportunity – Chicago Metro
JLL is pleased to present the exclusive opportunity to purchase and lease back the fee simple unencumbered interest in Weinberg Community for Senior Living (“Weinberg”) located in Deerfield, Illinois, an affluent suburb in the northern Chicago metro. The Weinberg facility will be leased to the investment grade rated Jewish Federation of Metropolitan Chicago with operations […]
Thought Leaders: HDR’s Inaugural Edition of Delta Focuses on Thriving Amid Rapid Change in Healthcare
HDR introduces the premiere edition of Delta, the first of a series of ongoing publications aimed at helping organizations not only embrace the rapid change that surrounds them, but thrive in it. This first 80-page volume explores one of the biggest challenges facing our healthcare clients today: how to respond to increasing unknowns in the […]
News Release: MedSouth Healthcare Properties MOB Sale Leaseback Acquisition Announcement – Wilmington NC
Wilmington, NC – MedSouth Healthcare Properties, LLC (MedSouth) is pleased to announce the sale leaseback acquisition of 1120 Medical Center Drive, a fully occupied, single tenant medical office building located in Wilmington North Carolina. The property is located in the medical arts district of Wilmington NC and is positioned across the street from New Hanover Regional Medical Center (NHRMC) which […]
Cover Story: The power of partnerships
How they affect providers’ real estate strategies By John B. Mugford If there is a Holy Grail for healthcare real estate (HRE) firms, it is landing a solid – perhaps long-term – business relationship with a strong health system. A panel of health system real estate executives recently shared their insights into when and why […]
